Today we are taking a look at:

  • Volatile reaction to budget, with yields initially spiking, then slumping
  • Local focus now drifts to rating agency reviews
  • Global markets traded higher ahead of the release of the Federal Reserve’s minutes
  • US FOMC minutes maintain dovish rhetoric; SA CPI surprises to the downside and budget speech downbeat

If you are looking for more relevant market commentary, have a look at our other Markets and Research.